Brighter Vision Foundation EIN 75-3225106 Form 990 (PDF) Claim this org

Brighter Vision Foundation FY2023 filing

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Provides disaster relief and educational support for children with Down syndrome and other disabilities in India. For fiscal year 2023 it reported $618K in revenue, $631K in expenses, and $197K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Rockwall, TX
Filings
6 on file (2020–2023)
Revenue
$618KFY2023
Expenses
$631K
Net assets
$197K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  75-3225106 Public charity (501(c)(3)) Rockwall, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides disaster relief and educational support for children with Down syndrome and other disabilities in India.
Leadership
Axay Patel · Director
Money in and out
$618K revenue, $631K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$618K
FY2023▼ -6%
Expenses
$631K
FY2023▲ +21%
Total assets
$197K
FY2023▼ -6%
Total liabilities
$0
FY2023
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$631K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$197K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $631K of program spending, described in the organization's own filed words · FY2023.
01

Literary & educational relief to india

$631Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrighter Vision Foundation
EINHdr · item D75-3225106
Principal addressHdr · item CRockwall, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFFeb 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$618K
Total revenueLn 12$618K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$631K
Management & general$300
Total functional expensesLn 25$631K

Balance Sheet

Part X · end of year
CashLn 1$197K
Total assetsLn 16$197K
Total liabilitiesLn 26$0
Total net assetsLn 32$197K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $197K · Operating expenses/yr $631K
3.7 months
Where the money goes
Program services
Program services $631K · Total expenses $631K
100%
Management & General
Management & general $300 · Total expenses $631K
0.05%
Fundraising
Fundraising $0 · Total expenses $631K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $639K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $618K · Total revenue $618K
100%
Government reliance
Government grants — · Total revenue $618K
Earned-income share
Program service revenue $0 · Total revenue $618K
0%
Investment reliance
Investment income $0 · Total revenue $618K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $631K
0%
Growth & trend
Revenue growth (YoY)
This year $618K · Prior year $660K
-6%
Net-asset trend (YoY)
End of year $197K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $618K · Expenses $631K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $197K
Net-asset ratio
Net assets $197K · Total assets $197K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $197K
0%
People & payroll
Highest Reported Total Compensation
Individual Axay Patel · Reported title Director · Highest reported compensation $0 · Total expenses $631K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $631K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.05%
Fundraising cost ratio 0%
Revenue growth -6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.05%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 15 grants · $1.7M · 2022–2024
H to H FoundationFY2024$150,000
Shri Ves Ma Vibhag VaidklyFY2024$107,000
Universal Welfare TrustFY2024$100,000
Aparigrah FoundationCA · FY2024$70,000
Shrimad Rajchandra LoveFY2024$40,000
Anekant Community CenterCA · FY2024$30,000
Vidyabharti Trust UmrakhFY2024$25,000
Udhna Rotary Foundation TrustFY2024$15,000
Shri Surat PanjarapoleFY2024$10,000
Vidyabharti Trust UmrakhFY2023$494,425
Universal Welfare TrustFY2023$110,000
Udhna Rotary Foundation TrustFY2023$25,000
Udhna Rotary Foundation TrustFY2022$210,000
Vidyabharti Trust UmrakhFY2022$181,161
Universal Welfare TrustFY2022$130,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$160K revenue · ⤓ 990 PDF
FY2024$735K revenue · ⤓ 990 PDF
FY2023$618K revenue · viewing · ⤓ 990 PDF
FY2022$660K revenue · ⤓ 990 PDF
FY2021$28K revenue · ⤓ 990 PDF
FY2020$14K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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